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Originally Posted by DTD Alum
So you don't find the technological vision of somebody like Steve Jobs or Bill Gates to be an irreplaceable skill? Or the revolutionary intuition towards investment that Warren Buffett has to be an irreplaceable skill? The ability to think outside the box and redefine how the entire world interacts with each other a la Mark Zuckerberg isn't an irreplaceable skill? You're a fool if you don't think that the vision, determination and experience required to guide a Fortune 500 company to the top isn't an "irreplaceable skill".
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The plural of anecdote isn't "data" ...
You're a fool if you think 500 Fortune500 CEOs are a large part of the 3,000,000 that comprise the top 1%, to start. And second, you're ignoring the substance of my post almost entirely, in favor of weird single examples ... of course "business acumen" is a powerful skill, and I'm not saying those folks shouldn't be rewarded.
However, that skill is rewarded disproportionately in comparison with other skills, many of which people would argue are more "useful" in everyday life. Unless you want to argue cardiologist versus Facebook? Come on.
Additionally, it's not clear "Fortune500" CEOs aren't eminently replaceable - after all, the majority of those companies stay on the list year after year, even with turnover among executives, right?
You named a handful of revolutionary thinkers - that's not who I'm talking about at all, and I think that was clear. At no point did I fault CEOs for making huge money. If anything, I took issue with your language in relationship to market realities.